IRS Representation & Audit
Whether you have been audited, received a tax lien, been delinquent on your tax returns, haven’t filed prior years’ returns, or owe money to the IRS, with a power of attorney, Protax can help you in many ways, including representing you before the IRS. Finding a competent tax representation service at an affordable price can be difficult sine many taxpayers cannot afford the high fees charged by the national chain companies. Protax can partner with you to obtain our personal, confidential, and professional service. When you choose to retain our service, you can get back to your daily routine, knowing we will fight for you.
Offer in Compromise
An offer in compromise is a special tax relief offered to assist taxpayers who cannot meet their full tax obligations.
If you haven’t filed your taxes in the last 2, 3, 4, or 5 years, don’t worry. Protax Mobile can come to your rescue. At Protax, we can negotiate an offer with the IRS and help reduce your tax liability. While the amount of money charged by those national chains could be intimidating and discouraging, it is our guarantee to you that we can provide you exceptional service with an affordable cost.
Delinquent Tax Returns
For most individual tax payers, April 15th is the annual deadline to file their income tax returns. Filing a late return or Failure to file a return and pay any tax due by the due date may result into a late penalty on unpaid tax liabilities. This penalty is usually 5% for each month or part of the month that the return is late. Although a tax payer has the right to file extension Form 4868 (automatic extension) to avoid any late filing penalty, you are still responsible for the interests owed that is been accumulated daily. It is at your best interest to file your tax returns timely to avoid additional unnecessary penalty since the failure to file a return is more than the failure to pay penalty. Therefore it is important to understand the distinction and make every attempt to avoid this situation as much possible.
However, if you face any of the circumstances above, no need to worry. We can work with the IRS for you by negotiating payment strategies that can be beneficial for you. We will act in an efficient manner to prevent a levy from your bank account before the government makes any attempt to freeze your assets.
Innocent Spouse Relief
If you owe money to the IRS, you can attempt to negotiate directly to the IRS or you can hire an enrolled Agent that is licensed by the IRS to help you out with the negotiation process. This process requires your authorization through a power of attorney to allow us to negotiate with the IRS on your behalf so we can obtain the best possible payment terms based on your financial condition.
Tax Installment Plans
Did you know that by law, if you owe $10,000 or less and you have timely filed your tax returns in the last five years and paid any tax due and have not entered into an installment agreement for tax payment, the IRS cannot refuse you an installment plan?
Liens, Levies and Garnishments
Keep in mind if you receive a final levy notice for payment and refuse to pay or arrange for a settlement, the IRS can seize and sell your property even if the properties is held by someone else (such as wages, retirement account, dividends, bank accounts, cash value of life insurance, etc…)
If you would like to obtain more information about this service, please feel free to contact us for a free consultation.